Court : Mumbai
Reported in : 1998(1)BomCR427
..... section 5a and section 5b, respectively, of the employees' provident fund and miscellaneous provisions act, 1952 (19 of 1952), or the 'indian airlines' and 'air india' corporations established under section 3 of the air corporations act, 1953 (27 of 1953), or the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956 (31 of 1956), or the oil and natural gas commission established under section ..... 3 of the oil and natural gas commission act, 1959 (43 of 1959), or the deposit insurance and credit guarantee corporation established under section 3 of the deposit insurance and credit guarantee corporation act, 1961 (47 .....
Tag this Judgment!Court : Chennai
..... of the said building.8. mr. a.l. somayaji, learned senior counsel appearing on behalf of the third respondent submitted that the life insurance corporation is bound by section 6 of the life insurance corporation act, 1956 to carry on its business in a manner that renders the business profitable. the funds are public funds. the ..... corporation is accountable to the public. according to the learned senior counsel, the building in question is sadly dilapidated and is in a state ..... india v. prof. manubhai d. shah], where the supreme court held that the life insurance corporation is a state for the purpose of article 12 of the constitution of india. learned counsel submitted that, therefore, the third respondent is bound to act reasonably without arbitrariness. he further submitted that when the third respondent had taken part .....
Tag this Judgment!Court : Delhi
..... provide for the establishment of an authority to protect the interests of holders of insurance policies, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto and further to amend the insurance act, 1938, the life insurance corporation act, 1956 and the general insurance business (nationalisation) act, 1972.'28. the statement of objects and reasons ('sor') indicates that a need was ..... felt for the insurance industry, which was being privatized, to be regulated. after specifying in the .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR2001SC3527; [2001(91)FLR182]; (2002)1GLR792; JT2001(7)SC268; 2001LabIC3656; (2001)IILLJ1087SC; 2001(5)SCALE626; (2001)7SCC1; 2001(4)SCT1(SC); (2002)1UPLBEC228; 2001DGLS(soft)1084:2001(111)CLR349
..... corporation established under section 3 of the warehousing corporation act, 1962 (58 of 1962 ..... , respectively, of the employes' provident fund and miscellaneous provisions act, 1952 (19 of 1952), or the life insurance corporation act, 1956 (31 of 1956) or (the oil and natural gas corporation limited registered under the companies act, 1956 (1 of 1956)), or the deposit insurance and credit insurance and credit guarantee corporation established under section 3 of he deposit insurance and credit guarantee corporation act, 1961 (47 of 1961), or the central warehousing .....
Tag this Judgment!Court : Gujarat
Reported in : (2001)1GLR108; (2001)ILLJ783Guj
..... section 5a and section 5b respectively of the employees' provident fund and miscellaneous provisions act, 1952 (xix of 1952), or the 'indian airlines' and 'air india' corporations established under section 3 of the air corporations act, 1953 (xxvii of 1953), or the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956 (xxxi of 1956), or the oil and natural gas commission established under section ..... 3 of the oil and natural gas commission act, 1959 (xliii of 1959) or the deposit insurance and credit guarantee corporation established under section 3 of the deposit insurance and credit guarantee corporation act, 1961 (xlvii .....
Tag this Judgment!Court : Mumbai
Reported in : 2009(2)BomCR225; (2008)110BOMLR3517
..... trustees constituted under section 5a and section 5b, respectively, of the employees' provident fund and miscellaneous provisions act, 19052, or the 'indian airlines' and 'air india' corporations established under section 3 of the air corporations act, 1953, or the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956, or the oil and natural gas commission established under section 3 of the oil and natural ..... gas commission act, 1959 or the deposit insurance and credit guarantee corporation established under section 3 deposit insurance and credit guarantee corporation act, 1961, or the central warehousing corporation established under section 3 of .....
Tag this Judgment!Court : Delhi
Reported in : 1995IAD(Delhi)1238; AIR1995Delhi323; II(1995)BC42; [1998]92CompCas849(Delhi)
..... trust of india, established under section 3 of the unit trust of india act, 1963 (52 of 1963); (2) subject to the provisions of sub-section (1 ..... (7 of 1913); (ii) the industrial finance corporation of india, established under section 3 of the industrial finance corporation act, 1948 (15 of 1948); (iii) the industrial development bank of india, established under section 3 of the industrial development bank of india act, 1964 (18 of 1964); (iv) the life insurance corporation of india, established under section 3 of the life insurance corporation act, 1956, (31 of 1956); (v) the unit .....
Tag this Judgment!Court : Supreme Court of India
Reported in : AIR2001SC1493; JT2001(3)SC554; 2001(2)SCALE586; (2001)5SCC212; 2001(2)SCT656(SC); (2001)2UPLBEC1232
..... business or merger or amalgamation of the companies could not fall within section 16(1)(g) of the act. it was also noticed by this court that under the life insurance corporation act and banking companies act provisions have been made to frame regulations independently of the re-organisation and there is no such comparable power ..... hostile discrimination by reason of exclusion of the gic employees from the industrial disputes act being made applicable to them is also rejected. while dealing with the question of similar nature with reference to section 48 of the life insurance corporation act 1956 which by sub-section (2-c) provided that the rules made thereunder ..... shall have effect notwithstanding anything contained in the industrial disputes act, 1947 or any other law for the time being in force similar to .....
Tag this Judgment!Court : Madhya Pradesh
Reported in : 2006(1)MPLJ419
..... been given in writing to the office to which premiums under this policy were paid last atleast one calendar month prior to death.8. life insurance corporation act, 1956, is a beneficial piece of legislation. it was enacted to ensure absolutely security to the policy holder in the matter of his ..... evidence that bhagchand sharma did commit suicide. the sole witness appearing on behalf of the defendants/revisionist was sudhir who happened to be assistant administrative officer of life insurance corporation of india at khandwa. his entire statement is based upon the record of the police department. it was admitted in paragraph 11 of his statement that there ..... of the deceased. accordingly, the learned trial judge concluded that the death of bhagchand sharma fell in the category of suicide. so the plea of the life insurance corporation of india was upheld that no money was payable under the said policy since bhagchand sharma had committed suicide within one year from the date of policy. however .....
Tag this Judgment!Court : Supreme Court of India
Reported in : JT2009(7)SC601; 2009(8)SCALE351; (2009)7SCC104
..... and ors. : [1979]3scr1078 wherein it has been held that regulation 25 of the life insurance corporation of india (staff) regulations 1960 framed under the life insurance corporation act, 1956 and read with section 15(g) of the city of nagpur corporation act, 1948 provided for disciplinary action and not disqualificatory, observing:11...no ground rooted in public ..... :21. the law is not 'a brooding omnipotence in the sky' but a pragmatic instrument of social order. it is an operational art controlling economic life, and interpretative effort must be imbued with the statutory purpose. no doubt, grammar is a good guide to meaning but a bad master to dictate. ..... (the appellant) as the president of the state consumer disputes redressal commission (`the commission') in terms of section 16 of the consumers protection act, 1986 (`the act') is the question involved herein.background facts:2. the said question arises in the following factual matrix.3. the appellant was an advocate practicing .....
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